Transcripts for CNN CNNI Simulcast 20150204 08:48:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
program is going to be ending. felicia, you re down there. what s the mood as you look out on to the trading floor? well, i can t say that there s been any, you know, pickup in panic at all. what this is, though, is obviously we re seeing a fairly healthy selloff. it sounds odd to say that. it s a pullback. it s also trading on any negative headline that it sees. manager that crossed the headlines just about 20 minutes ago, that s when you saw the selling pressure accelerate, was word evidently from the international monetary fund that it is preparing to suspend aid payments to greece by the end of next month unless the eurozone leaders plug what is about a 3 billion euro hole they call a shortfall that has opened up in greece. that, again, a negative headline. it will throw the market into another selling mode. also what s out there in the last hour or trade are these high frequency traders that trade on algorithms. we haven t been able to push through resistance on the s&p of 161
ahead. u.s. markets close early tomorrow before shutting down for the fourth on wednesday. investors who haven t taken the entire week off will be looking to extend friday s rally, which gave the s&p and the nasdaq their best daily boost since decemb december. friday s surge came after eurozone leaders agreed on significant steps to shore up the region s struggling banks with rescue funds and increased oversight. overseas this morning, optimism over europe s debt crisis helped most asian markets climb higher. the upbeat sentiment could continue if the european central bank decides to cut interest rates during its meeting this week. another big driver for u.s. markets will be the june jobs report due out friday. investors will also get an update on june auto sales, which have been consistently strong all year. an interest rate rigging scandal that rocked the global banking industry last week claimed its first victim. the chairman of barclays resigned today, saying the buck stops wi
begin to pressure president assad to step down and to start organizing a transition to some sort of democracy. but if the russian president is backing away from what prime minister david cammeron reported, then we are really, shep, back at square one it seems. shepard: it certainly would appear. jonathan hunt, thanks. back to the matter at hand now as we await the president s remarks from los cabos. wendell goler is there. the degree to which there has been progress i suppose is more one for opinion and analysis at this point than dissemination of facts. that said, what can we expect to hear from the president tonight? well, shep, we expected to say that europe knows what it needs to do to resolve the eurozone crisis it was never going to be solved here. four leaders here if you count the members of the euro zone. the other 16 not. next week in brussels all 17 eurozone leaders get together to come up with a plan to have closer banking integration. closer fiscal integration
attack. one person has been killed by gunfire in daraa. the group says three members of the government s security forces were also killed in clashes with army defectors. business leaders in los angeles is preparing to roll out the red carpet for the man expected to become china s next president. xi jinping arrives in california for a two-day visit hosted by state governor jerry brown. visit will include a tour of the port of los angeles, china shipping terminal, which is undergoing an upgrade as sign of u.s. trade continues to grow. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning from cnn london, i m nina dos santos. and good afternoon from cnn hong kong, i m andrew stevens and you re watching world business today. the top stories this thursday, february 16th. the accounting scandal surrounding olympus escalates. seven arrests are made regarding the billion dollar fraud of the jab